State Street to pay $88 million over ‘secret markups’ on SWIFT messaging
Custodian found to have added secret markups on SWIFT message in another regulatory case of overcharging clients.
Custodian found to have added secret markups on SWIFT message in another regulatory case of overcharging clients.
As traditional fund administration services become commoditised it is no longer an accurate comparison factor between providers, according to new research.
The mandate represents the successful integration of front-office technology firm Eze Software with SS&C GlobeOp.
Lazard Asset Management signs letter of intent to use State Street’s widely-discussed front-to-back investment servicing platform.
The newly created role will involve oversight of the data underpinning its front-to-back platform development.
State Street has made a series of enhancements in support of asset owners, as it prepares to onboard buy-side clients to its front-to-back model.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Asset managers and asset owners are leaning more on their custodians for vital data and analytics on ESG investments.
Hedge funds enquiring about State Street’s new front-to-back offerings as the custodian and fund administrator begins reaping rewards of Charles River deal.
The hire is the latest move for BNY Mellon as it looks to identify and launch new opportunities to expand its digital and data capabilities.